Match Each of the Definitions That Follow with the Appropriate

question 51

Short Answer

Match each of the definitions that follow with the appropriate investment term (a-j).
-preferred and common stock that represent ownership in a company and do not have a fixed maturity date
A)debt securities
B)equity securities
C)investor
D)investee
E)fair value method
F)trading securities
G)available-for-sale securities
H)held-to-maturity securities
I)equity method
J)business combination

• A)debt securities
• B)equity securities
• C)investor
• D)investee
• E)fair value method
• F)trading securities
• G)available-for-sale securities
• H)held-to-maturity securities
• I)equity method
• J)business combination

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Definitions:

Normal Balance

The side (debit or credit) of an account that is expected to have a higher balance based on the account type.

Service Revenue

Income earned by a company through the provision of services to customers, as opposed to selling goods.

Rent Expense

The cost incurred by a business or individual for leasing a property or space.

General Ledger

A comprehensive set of accounts that records all financial transactions of a business, showing assets, liabilities, equity, revenue, and expenses.